Fintech firm Female Invest has successfully raised $11.2 million in a funding round to continue its innovative mission of empowering women globally with investment knowledge. Supported by Y Combinator, this start-up began its journey in Copenhagen and London in 2019, intending to break into the American market.
With lead investor Vaultier7 and contributors such as Amex Ventures, Heartcore, and the founder of Zalando Robert Gentz, Female Invest is poised to expand; reinforcing its commitment to inspire women to control their financial future.
This investment platform follows a subscription model, providing members with resources on trading and investing for just $13 a month. The initiative proved successful, attracting over 73,000 users hailing from 123 countries. It continues to provide insights and confidence for navigating the financial market, further spotlighting the world’s need for such unique services.
The rising esteem of Female Invest is evident from its quickly growing subscription base. CEO Anna-Sophie Hartvigsen emphasizes the high demand for their platform, especially among women seeking to bridge the gender wealth gap. The rapidly increasing numbers of subscribers demonstrate this urgent need and testify to the company’s reliability in the competitive fintech sector.
With a view to improving their services further, Female Invest is keen to integrate investment services with its educational platform.
Female Invest’s expansion in financial education
Hartvigsen’s plans include incorporating a trading license with their technology and initiating live trading by next year.
Regarding global expansion, Female Invest aims for a soft launch in the United States by early 2025. With $10.2 million funding led by Educapital, Europe’s major edtech-focused fund, and social impact investor Rubio, the company envisions rolling out operational strategies and marketing plans to establish a strong American identity.
The strategic partnership with firms like Educapital and Rubio equips Female Invest with enhanced resources, networks, and domain expertise. This promising alliance accelerates its global mission to democratize investing education for women.
Beyond American borders, the company foresees widening its footprint and tailoring its pioneering educational model to suit various market needs.
With an aggressive development approach, the founders of Female Invest aim for a substantial increase in their user base and foresee their firm becoming a leading source for women’s investment education worldwide. The future appears promising, with expected significant changes in female financial behavior and perception.
Raising funds came with hardships, as the process took longer than anticipated despite a sturdy financial standing and a steady burn rate. However, the company successfully raised an extra $1 million via crowdfunding. In the next 18 months, ambitious growth plans include doubling the current team size from 35 to 70.
